Hawkmoon Resources Corp (CSE:HM) CEO Branden Haynes has told shareholders that the exploration firm is well-funded to progress drilling at its primary Wilson property in the Abitibi greenstone belt in Quebec.
The junior company raised C$3.4 million in 2021, it's first as a publicly-traded entity following its initial public offering on the Canadian Securities Exchange in April.
The Wilson property features a cluster of seven gold showings in the prolific gold district of Quebec.
Haynes said that Hawkmoon is planning to drill another 5,000 metres at Wilson in 2022, having secured its first choice of drilling contractor.
READ: Hawkmoon says assay results from Wilson property extend the Midrim to the west
In a letter to shareholders, Haynes called 2021 a “pivotal year” but acknowledged that the year did not come without challenges.
“In Hawkmoon’s view, the company’s market performance did not mirror its technical and corporate successes on the Wilson and Lava projects,” Haynes wrote.
“Hawkmoon has accomplished a great deal in less than a year of being a public company and will continue to learn from the lessons of last year through dedication and creative dynamic thinking. The company’s management will continue to guide Hawkmoon through careful planning and execution, recognizing that we must always adapt to find new and better ways to add value.”
Vancouver-based Hawkmoon is focused on advancing three gold projects in Quebec.
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